Mar 14, 2012
Extrusion Dies Industries (EDI), a leading designer and manufacturer of extrusion dies, coating heads and related products for producers of cast film, sheet, coatings and laminates has acquired Premier Dies Corporation (Premier). Based in Chippewa Falls, WI, Premier is a leading designer and manufacturer of slot coating and flat polymer extrusion dies. EDI is a portfolio company of Bertram Capital, a private equity firm headquartered in San Mateo, CA. Bertram Capital provided subordinated debt to finance the transaction.
"As a technology leader with a world class brand, Premier has distinguished itself in its global marketplace. Combining EDI and Premier brings together two market leaders and establishes a company that is uniquely positioned for growth with its vast product portfolio, superior design capabilities, manufacturing expertise and long standing customer relationships," said Kevin Yamashita, Partner.
Premier broadens EDI's fluid coating and extrusion product offerings, expands EDI's global sales and service network, and provides incremental capacity to support continued growth. Premier operates a state-of-the-art manufacturing facility, including a full customer trial lab, and serves a diverse set of dynamic end markets including: flexible packaging, medical, pharmaceutical, alternative energy, optical films, electronics, coating, building products, food & beverage, personal care and other consumer products.
"The acquisition of Premier strengthens EDI's position as the market leading die manufacturer and supports our strategy for accelerated growth," added Jeff Drazan, Managing Partner. "EDI and Premier are highly complementary businesses from a technology, market, and customer perspective. The combination will better position the combined entity for growth as they play off of each others strengths."
About Premier Dies Corporation
Founded in 2001, Premier Dies Corporation is a leading international supplier of liquid and emulsion coating equipment and systems for web coating applications. Equipment typically supplied includes single and multi-layer slot dies, slide dies, curtain coating dies, die positioning systems, fluid delivery systems, vacuum systems, filtration systems and supporting auxiliary equipment. In addition, the company supplies a wide variety of specialized extrusion dies for polymer processing into film, sheet, and strands in pelletizing applications. Visit www.premierdies.com for more information.
Founded in 1971, EDI is a leading global company specializing in the design and manufacture of die heads, multilayer adapters, and related auxiliary equipment. Major markets include automotive, food packaging and disposables, building and construction, durable goods, medical, transportation, and sustainable energy systems such as photovoltaics and batteries. The company maintains an extensive network of agents providing comprehensive sales and technical support throughout the world. Visit http://www.extrusiondies.com for more information.